10,998 Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE) Purchased by FFT Wealth Management LLC

FFT Wealth Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,998 shares of the company’s stock, valued at approximately $444,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sofi Wealth LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Bank of New York Mellon Corp acquired a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $215,000. Sierra Capital LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $659,000. BankPlus Trust Department acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth $76,000. Finally, IFP Advisors Inc lifted its position in shares of Global X U.S. Infrastructure Development ETF by 6.0% in the fourth quarter. IFP Advisors Inc now owns 30,496 shares of the company’s stock valued at $1,232,000 after acquiring an additional 1,736 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 3.6 %

PAVE opened at $39.98 on Wednesday. The firm has a market cap of $8.38 billion, a P/E ratio of 23.20 and a beta of 1.25. The business’s fifty day simple moving average is $41.59 and its 200 day simple moving average is $41.54. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a dividend of $0.1394 per share. The ex-dividend date was Monday, December 30th.

Global X U.S. Infrastructure Development ETF Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.